What’s In Your 403(b)?
Do you work for a non-profit organization, school system, government, or religious sector? Then you probably have a retirement plan established under Section 403(b) of the Internal Revenue Code.
This section exempts these employers from some of the administrative requirements of other plans such as the 401(k). The two plans are so similar, they’re often called cousins. But there are some differences you should be aware of.
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